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BS Number Wise: Indian deal-making enters the slow lane, shows data

There is less money for companies as buyers slow down transactions amid geopolitical tension and higher capital cost.

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Lower global interest rates to limit the economic impact of Covid-19 had spurred mergers and acquisitions worldwide after a slowdown in early 2020.

Sachin P Mampatta Mumbai

1 min read Last Updated : Oct 27 2022 | 10:39 PM IST

A worldwide trend may have just marked its presence in India this month when Dutch investor Prosus called off its $4.7-billion acquisition of Indian financial technology firm BillDesk.

There is less money for companies as buyers slow down transactions amid geopolitical tension and higher capital cost.

The September quarter had just under $1 trillion worth of global deals: the first time since early 2020 that the value of transactions fell below that mark. Lower global interest rates to limit the economic impact of Covid-19 had spurred mergers and acquisitions worldwide after a slowdown in early 2020.

Interest rates have

Topics : BS Number Wise Deals merger Interest rate hike Russia Ukraine Conflict capital Companies Investors Indian Financial technology firms interest rate

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